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Northmarq Adds 3- Person Investment-Sales Team to Washington, D.C., Office
Northmarq has hired a Washington, D.C., investment sales team from Walker & Dunlop. The team is led by Christopher Doerr, who was named managing director, and includes William Harvey, senior vice president, and Shack Stanwick, associate. The three will focus...
Median Apartment Rents Decline for 3rd Straight Month in November
Commercial Real Estate Direct Staff Report National median apartment rent declined again in November, by 1 percent from October, marking the third straight month of declines, according to Apartment List. The last time rents declined in consecutive months was between...
352-Unit Apartment Property Planned for Las Vegas
REBusiness Online Matter Real Estate Group is planning the 352-unit Vestra apartment property for Las Vegas. The San Diego developer will build the property within the UnCommons mixed-use development on a 40-acre site at 6880 Helen Toland St. It will...
Volume of CMBS Loans in Special Servicing Increased in November by Nearly 5 Percent
The volume of CMBS loans in special servicing increased by nearly 5 percent last month to $32.17 billion, according to Trepp Inc. That marked the largest increase in that metric since August 2020, when volumes had ballooned by 6.21 percent....
Orton Development Pays $54Mln for Bloomington, Minn., Industrial Property
Minneapolis/St. Paul Business Journal Orton Development Inc. has paid $54 million, or $93.10/sf, for the 580,000-square-foot industrial property at 6201-6203 West 111th St. in Bloomington, Minn. The Emeryville, Calif., company purchased the property from First Industrial Realty Trust Inc., which...
Nuveen Pays $116Mln for Gilbert, Ariz., Apartment Property
Commercial Real Estate Direct Staff Report Nuveen Real Estate has paid $116 million, or $325,842/unit, for Liv Crossroads, a 356-unit apartment property in Gilbert, Ariz. The investment manager purchased the property from its developer, Rockefeller Group of New York,...
Construction Starts for 356,000-SF Industrial Property in Phoenix
Commercial Property Executive A venture of Opus Group and Principal Real Estate Investors has broken ground for Deer Valley 30, a three-building industrial property with 356,000 square feet in Phoenix. The property is being constructed on a 30-acre site...
Northwind Group Hires Joe Weidt as Director in Senior-Living Healthcare Unit
Northwind Group has hired Joe Weidt as director in its senior living and healthcare team, where he's responsible for identifying and completing debt and equity transactions involving seniors and healthcare properties. Weidt, who also will oversee due diligence, underwriting...
Stos Partners Pays $20Mln for San Diego-Area Industrial Property
Stos Partners has paid $20 million, or $230.15/sf, for the 86,900-square-foot industrial property at 2425 Auto Park Way in Escondido, Calif., about 30 miles north of San Diego. The San Diego investor purchased the property from a seller, which...
PRG Pays $84.25Mln for Jacksonville, Fla., Apartments; Gets $48.11Mln Freddie Mac Loan
Commercial Real Estate Direct Staff Report PRG Real Estate has paid $84.25 million, or $280,833/unit, for the 300-unit Loree Apartments in Jacksonville, Fla., marking its first investment in the market. The Philadelphia investment manager owns 43 apartment properties in...
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